Blue Star Health (fka BLSH)

[buffaloboy]

Lowest cost I have ever seen for a public CPA firm to audit a 10KSB is around $30K. Add on top of this at least another $10K for review by outside counsel. Add another minimum $15K to review (no audit required) 10QSB, and another $5K for misc. and actually filing with the SEC, and BLSH would need at least $60K in free cash to bring their filings current (actually, may have to add another $15K, since the 1st quarter QSB is now due.) So the total may be more like $75K. This is not a huge amount of money, but not chicken feed either. Speaking of chickens, BLSH seems to be in one of those chicken / egg spots. Needs cash to complete their filings, cannot raise operating cash without being current in their filings. Not sure when this might break loose.